Norfed-Liberty Dollars

If a person owns, say, a couple of these Norfed's, is it "safe" to post pics on a public forum? Maybe a dumb question I know, but, wow, now days......who knows?

 

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It is safe to post your Chinese counterfeit US coins. I don't see feds kicking in doors to go after some kids fake Morgan dollar. - But if someone posted a $6,000,000 hoard of fake Morgan's saying we make and sell these and here's our warehouse... Well then yeah, I can see feds moving in. - Besides the one big Liberty Dollar seizure, has anyone else's been seized by the government?

 

Well, just thought I'd ask. I haven't heard anything about it being illegal to own them, sell them or whatever, so up to this point I suppose it's fine.

 

I haven't heard of any other Norfed seizures going on whatsoever. I mean if the SS really wanted to round up the Norfeds then you would hear about them hitting the coin shows and you know as well as I do that coin news travels like wildfire. I think anybody holding them is fairly safe. With that said, you don't want to announce that you have them but I listed pics of mine awhile back and other people have as well. For all the SS knows we've sold them all.

 

Mine are not where I live anyways. I have them buried beneath the ol' maple tree on Coffin Brothers Mortuary's property. 50 paces to the left of the stone gate. LOL

 

If you didn't hear about Jeff Kotchounian's suicide, you're clearly outta the loop. He was one of the major Norfed dealers - and BvNH issued this coin especially for his business:



Dave Gillie knows other cases - don't believe anyone who doesn't have a clue what's happened already. I doubt any dinky collectors need to worry, either. More details at the links here:
http://www.cointalk.com/t218929-7/#post1596055

 

How can you call a collapse on the premiums for these on ebay when ebay no longer allows sales of these items? It makes no sense at all.

 

A Beautiful Collection!!

I've enviously viewed some of your past posts of your "treasures", finding them to be beautiful "ART" pieces which I would also appreciate having. I've only been able to acquire the Silver Ron Paul pieces, but have found your collection to be very appealing.

Thank you for your posts which allowed viewing of the Norfed-Liberty Dollar collection that I'd love to own. I believe your posts are appreciated by many unfamiliar with these modern pieces. :thumb:

 

I don't understand what you're asking. Do you need a common example?

THIS coin recently sold for $48.75 on 12/27/2012 : http://www.ebay.com/itm/2006-Norfed-Liberty-1oz-Silver-999-Fine-in-capsul-/290836555397
Identical bullion rounds sold between $65. - 78. in 2011 - 2012. After fees, the dealer now gets just 43% over Scrap.
For that, s/he ALSO has risks of penalties from the IRS/SS and losing the feeBay account. Is it "worth" it?

Jeff Kotchounian was one of the biggest Norfed dealers on feeBay, selling this contraband. Last June, for that terrible business decision, he paid with his life. Personally, I don't think Norfeds are "worth" it - but I can't understand your thinking otherwise.

 

Definitive Interesting Link?

A possibly expansive link of interest: http://www.freedomsphoenix.com/Arti...ews-june-2012-vol-14-no-06.htm?EdNo=001&From= :thumb:

 

Another Norfed Liberty $10 sold for $49 three days ago. POS 31.20, a 57% premium. That type coin witnessed premiums of 170% > 250% in Summer of 2009 (as high as 385% in December 2007) http://www.ebay.com/itm/NORFED-2000-10-SILVER-LIBERTY-999-SILVER-COMMEMORATIVE-BULLION-ROUND-/271144706662

As an investment, we can see in the collapsing Norfed premium how (by contrast) generic Silver bullion explosively outperformed the debased collectible.
In the same period, eBay POS is UP ~+113% (incl fees) ... while 'junked art' Norfeds are largely dead-in-the-water or still declining.

(Factor hundreds of auctions now cancelled each month, and the enormous risk to illicit vendors, Norfeds became a sure-loser proposition.)

 

I traded 4 libertys for 2 SAE's and a maple. I just can't see hanging on to them. I think they are neat, and maybe will have some historical value, but with the ban on selling them it makes them nothing but melt right now.

 

Delete

 

These are illegal to sell? I believe I have one from 2003. I'd have to check. So now I can't sell it?

 

pretty sure its legal to sell, you just can't try to pass it off as U.S. currency. (which would be stupid anyways since they are more highly valued then the dollar amount on the coin typically)

 

You guys equating some dude overreacting and offing himself to "losing" his life are making quite a stretch.

 

I think they mean you can't sell it on eBay.

 

This ones a little different, than the one above. These are still really cool coins and will be worth more than melt for a long time. With that said, unless I get a really good offer I'm keeping mine.

 

What is a 2003 1oz coin worth?